Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of HICEL Leasing Limited, Hyderabad, under Section 45IA(6) of the RBI Act, 1934. The release says the company opted to exit the business of a non-banking financial institution. Following the cancellation, the company cannot transact NBFC business, and it has also been prohibited from accepting deposits under Section 45MB(1).
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Hyderabad, Telangana
- Order Date